I’d also double the vacancy to 10% and build in PM fees 10-12% for safety even if you plan to self manage, in case you end up not managing it for whatever reason you should have that built in and put it in a reserve fund.

You have to do your interior renovations as tenants move, or leases expire and you give the tenant notice your not going to renew their lease.In really bad properties, you may need to kick out a building at time, which can be done with notice as long as your doing it for health and safety reasons, or the entire property. 

If gas gets to $10 a gallon, which it will in future, then will be worth it.Terry they are one of the safest cars on the road as well. i look at safety as a big priority of what i drive.. i used to drive easy 30k miles a year in N.

, RSO = Range Safety Officer?

The home inspector would check everything including the roof, plumbing, heater/furnace, attic, safety issues, radon and many more things. 

If you do keep them, I would also advise taking them to a gun shop to get checked out for safety to ensure they are actually in operable and safe condition for use.

I would say there needs to be some substantial deficiencies in safety/function to really make it worth the cost to rewire the house.I am a contractor in the Dallas/Fort Worth area that exclusively works with investors.

As previously mentioned leverage adds risk but if you use it properly it also allows you to grow your cash flow which can increase your margin of safety. 

Orleans St is a definite no-no in terms of safety.

We also have $150,000 equity in our home as a safety net.